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Martin Currie achieves conformity with HFSB best practices


Martin Currie Investment Management has attained conformity with the Hedge Fund Standards Board’s best practices for hedge fund managers.

Martin Currie Investment Management has attained conformity with the Hedge Fund Standards Board’s best practices for hedge fund managers.

Fifteen issues relating to hedge fund practice are addressed in the standards which can be grouped into disclosure, valuation, risk management, fund governance, and shareholder conduct themes. There are over 80 individual points of best practice against which companies are assessed.

Toby Hogbin, director, head of product development at Martin Currie, says: ‘At all times, our actions have been – and will continue to be – driven by our overriding goal of protecting our clients’ interests. Achieving conformity with the HFSB clearly demonstrates that we are adhering to the highest industry standards and ensuring that robust safeguards are in place. We are delighted to be able to provide clients with this reassurance.’

Andy Sowerby, managing director of sales, marketing and client service at Martin Currie, adds: ‘In the wake of the bankruptcy of Lehman Brothers and the Madoff scandal, due diligence with regard to operational platforms has never been more important. Investors now demand the right to scrutinise all of the processes of every manager with whom they do business. To win their trust, managers must be able to demonstrate that they have the right procedures in place for monitoring and controlling counterparty, operational and portfolio risk. Although further regulatory change is on the horizon for the global hedge fund industry the adoption of these UK-led industry standards will, in the short to medium term at least, provide further comfort to investors that Martin Currie is both transparent and professionally managed.’

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